There is nothing stopping the administrator keeping BBIP running to keep Mgmt fee flowing this can go on for years. The 20% retructuring cost will effectivly stop Note holders getting anything back
I have stated this numerous times yet no one has been able to refute!
Enumurate came out and agreed with my comment, he posted on BBI, BBP threads then on BNB a couple of days after
- Forums
- ASX - By Stock
- BNB
- Ann: Notice of Meeting of Noteholders
BNB
babcock & brown limited
Ann: Notice of Meeting of Noteholders , page-23
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